Retirement plan

U.A. LOCAL NO. 447 DEFINED CONTRIBUTION PLAN AND TRUST

Name: BOARD OF TRUSTEES, U.A. LOCAL NO. 447 DEFINED - U.A. LOCAL NO. 447 DEFINED CONTRIBUTION PLAN AND TRUST (2017) Form 5500
Creator: BOARD OF TRUSTEES, U.A. LOCAL NO. 447 DEFINED
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, U.A. LOCAL NO. 447 DEFINED CONTRIBUTION PLAN AND TRUST, BOARD OF TRUSTEES, U.A. LOCAL NO. 447 DEFINED

BOARD OF TRUSTEES, U.A. LOCAL NO. 447 DEFINEDEIN 68-0401920Plan #002PY 2017

P.O. BOX 191030 - SACRAMENTO, CA 95819916-457-0821

Prospect flagsLow returnsHigh feesFailed to transmit contributions

How to read this page

Total assets (EOY)

$80.1M

+6.6% from 2016

Total participants

1,184

+0.9% from 2016

Average account balance

$67,675

+5.7% from 2016

Annual return

10.35%

+12.49 pp from 2016

Benchmarks

See 1,124 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort1,124 peers

Snapshot2017

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$123.11M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$74K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

688

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

0.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$10.34M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+9.94%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 10 of 19 by compensation

Provider	Service type	Compensation
SYSTEMATIC FINANCIAL MANAGEMENT2+ years Filed as: SYSTEMATIC Service code 52 · EIN 22-3367558	Indirect Investment Fees	$61,495
ISLIP & CO2+ years Filed as: ISLIP & CO. Service code 10 · EIN 68-0344156	Accounting	$38,956
CHRIS MCDANIEL2+ years Service code 14 5841 NEWMAN CT · SACRAMENTO, CA 95819	Plan Administrator	$34,697
BARROW, HANLEY, MEWHINNEY & STRAUSS2+ years Service code 27 · EIN 75-2403190	Advisory (Plan)	$28,687
BELINDA HIBBARD2+ years Service code 14 5841 NEWMAN CT · SACRAMENTO, CA 95819	Plan Administrator	$26,243
BRAD BERNEL1 year Filed as: BRAD BERNAL Service code 14 5841 NEWMAN CT · SACRAMENTO, CA 95819	Plan Administrator	$25,409
ALISA MUELLER2+ years Service code 14 5841 NEWMAN CT · SACRAMENTO, CA 95819	Plan Administrator	$25,259
CONNIE HIBBARD2+ years Service code 14 5841 NEWMAN CT · SACRAMENTO, CA 95819	Plan Administrator	$25,177
MILLER KAPLAN ARASE LLP2+ years Service code 10 · EIN 95-2036255	Accounting	$23,500
US BANK2+ years Service code 21 · EIN 31-0841368	Bank Trustee	$22,231

Plan features & details

Pension benefit codes2C2F2H

Plan features

2C
Money purchase plan
Money purchase pension plan other than a target benefit plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.

Opportunity flags

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$484K

$898 / participant

Investment mgmt$136K28.2%
Contract admin$235K48.6%
Other / not subdivided$112K23.2%

% of EOY assets

0.604%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MILLER KAPLAN ARASE LLP
Auditor EIN: 952036255
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$67,675

$60,545+11.8%

$92,240-26.6%

$69,631-2.8%

Participation rate

100.0%

72.2%+27.8pp

76.5%+23.5pp

70.7%+29.3pp

Annual return

10.35%

19.71%-9.4pp

176.29%-165.9pp

27571.02%-27560.7pp

Employer contribution / active EE

$3,054

$2,633+16.0%

$3,680-17.0%

$2,032+50.3%

Participant deferral / active EE

$2,534

$2,828-10.4%

$3,897-35.0%

$3,224-21.4%

Admin fee / account holder

$409

$145+182.3%

$5,194-92.1%

$110+270.0%

Provider

Service type

Compensation

SYSTEMATIC FINANCIAL MANAGEMENT2+ years

Filed as: SYSTEMATIC

Service code 52 · EIN 22-3367558

Indirect Investment Fees

$61,495

ISLIP & CO2+ years

Filed as: ISLIP & CO.

Service code 10 · EIN 68-0344156

Accounting

$38,956

CHRIS MCDANIEL2+ years

Service code 14

5841 NEWMAN CT · SACRAMENTO, CA 95819

Plan Administrator

$34,697

BARROW, HANLEY, MEWHINNEY & STRAUSS2+ years

Service code 27 · EIN 75-2403190

Advisory (Plan)

$28,687

BELINDA HIBBARD2+ years

Service code 14

5841 NEWMAN CT · SACRAMENTO, CA 95819

Plan Administrator

$26,243

BRAD BERNEL1 year

Filed as: BRAD BERNAL

Service code 14

5841 NEWMAN CT · SACRAMENTO, CA 95819

Plan Administrator

$25,409

ALISA MUELLER2+ years

Service code 14

5841 NEWMAN CT · SACRAMENTO, CA 95819

Plan Administrator

$25,259

CONNIE HIBBARD2+ years

Service code 14

5841 NEWMAN CT · SACRAMENTO, CA 95819

Plan Administrator

$25,177

MILLER KAPLAN ARASE LLP2+ years

Service code 10 · EIN 95-2036255

Accounting

$23,500

US BANK2+ years

Service code 21 · EIN 31-0841368

Bank Trustee

$22,231

U.A. LOCAL NO. 447 DEFINED CONTRIBUTION PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

U.A. LOCAL NO. 447 DEFINED CONTRIBUTION PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion